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Other titles in the Collected Works of F.A. Hayek series:
Good Money, Part II: The Standard (Collected Works of F. A. Hayek)by Friedrich A. Von Hayek
Synopses & Reviews
This complementary volume provides five additional essays to expand our understanding of Hayek's ideas about money and monetary policy. Good Money, Part II: The Standard investigates the consequences of the "predicament of composition" which led to one of Hayek's most controversial proposals: that governments should be denied a monopoly on the coining of money.
F. A. Hayek (18991992) was awarded the Nobel Memorial Prize in Economic Sciences in 1974 and the Medal of Freedom in 1991 and was one of the leading Austrian economists and political philosophers of the twentieth century.
Stephen Kresge was the General Editor of The Collected Works of F. A. Hayek until his retirement in 2002.
Book News Annotation:
The five essays in this second part conclude the collection of Austrian-born economist Hayek's (1899-1992) writings on money and monetary theory. They consider monetary nationalism and international stability, a commodity reserve currency, choice in currency, the theory and practice of concurrent currencies, toward a free market monetary system, and the future unit of value. This and the first part were published as volumes five and six of his collected work, published by University of Chicago Press and now being reprinted in paper. Good Money seems to have been published by The Institute of Economic Affairs, London, originally in 1976 and in a revised edition in 1978. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)
Table of Contents
Editorial Foreword ix
A Survey of Recent American Writing: Stabilization Problems in Gold Exchange Standard Countries 39
Addendum: Exchange Rate Stabilization or Price Stabilization? 67
Monetary Policy in the United States after the Recovery from the Crisis of 1920 71
The Fate of the Gold Standard 153
The Gold Problem 169
Intertemporal Price Equilibrium and Movements in the Value of Money 186
On 'Neutral' Money 228
Price Expectations, Monetary Disturbances, and Malinvestments 232
Name Index 253
Subject Index 257
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